International Monetary Fund: The impact of US tariff policies on the global macroeconomy

According to a report from Jinse Finance, the International Monetary Fund released a report on the 22nd local time stating that the Trump administration's practice of imposing import tariffs on nearly all trading partners may further have a significant impact on the global macroeconomy. The report points out that the U.S. tariff increases will reduce global demand in the short term, leading to rising import prices and further exacerbating inflationary pressures. In addition, the uncertainty surrounding tariffs may also weaken consumer and business confidence, increasing volatility in the financial markets. The report indicates that the U.S. tariff increases may lead countries to further raise trade barriers in response to the increasingly severe trade imbalance issues, thereby exacerbating geopolitical economic divisions, which will have a lasting detrimental effect on the global economy.